Larry Page's wealth ranking advances to second globally as Alphabet accelerates AI infrastructure investments.
Larry Page, co-founder of Google and Alphabet, has secured the second-richest ranking globally with a net worth of $324 billion as of June 2026, up $45 billion year-to-date. His fortune now trails only Elon Musk, whose wealth exceeds $1 trillion following SpaceX's record IPO, while surpassing Sergey Brin and Jeff Bezos.
Page's dramatic wealth surge reflects Alphabet's soaring stock performance, which has climbed 120% over the past year despite a recent pullback. The stock gains directly boost Page's net worth because he and Brin each control 26% of Alphabet's B-class voting shares, granting them decisive control of the company despite owning only about 3% of total equity.
Alphabet is betting heavily on sustained investor confidence, announcing on June 1, 2026, plans to raise $80 billion through an equity offering to fund its artificial intelligence infrastructure buildout. The company will sell $10 billion of that stock to Berkshire Hathaway. Alphabet stated it is "experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company's available supply," and plans to use the proceeds for "general corporate purposes, including capital expenditures to scale AI infrastructure and global compute."
The capital raise underscores the scale of Alphabet's AI ambitions. CEO Sundar Pichai previously disclosed that the company expects to spend between $180 billion and $190 billion on capital expenditures in 2026—more than double prior years' spending. Across the industry, Big Tech firms collectively are expected to invest as much as $700 billion on AI infrastructure this year, reflecting an industry-wide sprint to build the computing power needed to support new AI services.
Page's ascent to second place marks a striking reversal from his position earlier in 2026. He held the ranking in early February; by early June, Oracle co-founder Larry Ellison briefly surpassed him. The volatility reflects how tightly tied the wealth of tech founders is to their company stock performance, particularly when founders hold concentrated stakes through special voting shares.